Crypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto’s Bitcoin paper debuted into a world where governments had just propped up the financial sy...
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USDC Tumbles to $0.93 as Circle Reveals $3.3 Billion Held at SVB, Tether and Binance Not Exposed
Following the second-largest bank collapse in American history on Friday, market participants are worried about which firms might be caught up in the contagion surrounding Silicon Valley Bank (SVB). ...
Coinbase reiterates that staking services will continue, despite SEC crackdown
Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services w...
US SEC Alleges BKCoin and its Co-Founder for Running a $100 Million Crypto Scam
The US Securities and Exchange Commission (SEC) filed an emergency action against the Miami-based financial advisor firm – BKCoin Management LLC – and its Co-Founder Kevin Kang, claiming they have def...
Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil – Bitcoin News
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson ...
LINK bullish uptrend poised to soar above $6.21 – Cryptopolitan
Chainlink’s price analysis for today shows signs of an uptrend, as the price underwent a further increase of three percent for the past 24 hours, now currently standing at $6.21. Although the bears we...
‘Disrespected’ Marquette Seeks First Big East Men’s Basketball Tournament Championship
Marquette’s Tyler Kolek (11) celebrates after scoring three points in the second half of an NCAA … [+] college basketball game against Connecticut during the semifinals of the Big East con...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank (SVB), the resultant sell-off caused the price of t...
SVB’s Stranded Deposits Spread the Pain From Tech to Napa Valley
(Bloomberg) — The ripple effects of one of the biggest US bank runs in over a decade are reaching a wide variety of businesses, as companies from startups to vineyard owners raise alarms. Most R...
FDIC closes Silicon Valley Bank after bank fails to raise new capital
Regulators closed troubled Silicon Valley Bank after deposit outflows and a failed capital raise plunged the country’s 16th largest bank into crisis, roiling the larger lending industry. It beca...
OpenAI Introduces More AI Customization Tools for Users
ChatGPT creator OpenAI plans to create more customization resources for its teeming AI subscriber base to offer an overall improved service. According to a Reuters report, OpenAI is looking to enable ...
Potential of Augmented Reality and Virtual Reality for Mobile Applications
HodlX Guest Post Submit Your Post AR (augmented reality) and VR (virtual reality) are two of the most exciting technologies that are currently being developed for mobile applications. Both AR and V...
USDC Dollar Peg Takes Major Hit Amid High Volatility
Circle, the issuer of the USDC stablecoin is facing massive heat from the shutdown of the Silicon Valley Bank (SVB) on Friday, March 10. Circle has recently confirmed that it has $3.3 billion, of its ...
Kucoin under regulatory pressure, can shorting yield more gains
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The New York attorney general filed a lawsuit agai...
Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC reserv...
Coinbase Pauses Conversions Between USDC and US Dollars as Banking Crisis Roils Crypto
While temporary, the pause speaks to the chaos that’s roiled the crypto industry’s second-largest stablecoin in the wake of Silicon Valley Bank’s demise. All day Friday crypto trader...
Today’s Wordle #630 Hint, Clues And Answer For Saturday, March 11th
How to solve today’s Wordle. In Pictures via Getty Images We live in fast-paced culture where change happens so rapidly, it’s hard to keep up. I’ve been thinking a lot lately about the effects t...
Coinbase halts conversion feature between U.S. dollars and USDC
Coinbase said Friday evening that it halted support for conversions between U.S. dollars and stablecoin USDC. “We are temporarily pausing USDC:USD conversions over the weekend while banks ...
Winners And Grades On March 10, 2023
Roman Reigns and Jey Uso reunite on SmackDown. Credit: WWE.com WWE SmackDown advertised Jey Uso coming home after he chose the Bloodline this past Monday in a dramatic heel turn against Sami Zayn. The...
Elon Musk Explores the Idea of Acquiring Silicon Valley Bank
On Friday, March 10, California Banking regulators announced the shutdown of the Silicon Valley Bank (SVB) Financial Group. SVB ran into major trouble with a bank run earlier this week and is the seco...
USD/JPY Forecast – US Dollar Gives Up Early Gains Against the Japanese Yen
USD/JPY Forecast Video for 13.03.23 US Dollar vs Japanese Yen Technical Analysis The US dollar initially tried to rally during the trading session on Friday but gave back gains as the Non-Farm Payroll...
SVB Depositors, Investors Tried to Pull $42 Billion Thursday
(Bloomberg) — Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a Friday regulatory f...
Silicon Valley Bank (SIVB) dropped 60%: Is Recession Knocking?
Silicon Valley Bank (SIVB) shares crashed by 60% on Thursday. Can it be said that recession is on the horizon? The company recently announced its plans to raise $2 billion-plus in the capital by selli...
SHIB’s correction cleared most of 2023 gains- Can bulls prevail?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion SHIB was in a bearish market structure. A sharp co...
Thiel’s Founders Fund Withdrew Millions From Silicon Valley Bank
(Bloomberg) — Peter Thiel’s Founders Fund had no money with Silicon Valley Bank as of Thursday morning as the bank descended into chaos, according to a person familiar with the matter. Most Read...
India Brings Crypto Transactions Under Prevention of Money Laundering Act – Regulation Bitcoin News
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the s...
AXS token price analysis: AXS token price traces back at $7.07
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Circle says $3.3 billion of USDC reserves are with Silicon Valley Bank
Circle, the crypto payments firm behind stablecoin USDC, confirmed late Friday evening that $3.3 billion of the cash backing its coin remain with Silicon Valley Bank. Circle, which had early tw...
SVB Spectacularly Fails After Unthinkable Heresy Becomes Reality
(Bloomberg) — Greg Becker sat in a red armchair at an invite-only conference in Los Angeles last week, legs crossed, one hand cutting through air. Most Read from Bloomberg “We pride ourselves on...
TWT token price analysis: Token price stamps down to $0.770
After being under intense bearish pressure the previous week, the price of the TWT token is currently trading above the demand zone, indicating bullishness. In a 4-hour period, the token price was abl...
SoFi CEO Noto makes ‘opportunistic’ million-dollar stock purchase as SVB crisis fuels selloff
As SoFi Technologies Inc. shares fell Friday amid the fallout over Silicon Valley Bank’s collapse, the financial-technology company’s chief executive bought up stock. SoFi Chief Executive Anthony Noto...